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Published on 3/20/2012 in the Prospect News Distressed Debt Daily.

Former Sharper Image reports $70,136 February net loss, zero revenues

By Caroline Salls

Pittsburgh, March 20 - TSIC Inc. reported a net loss of $70,136 for February on zero revenues, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, TSIC posted a $71,841 net loss for January, also on zero revenues.

The company had $1.98 million in cash and cash equivalents as of Feb. 29, down from $2.02 million at the end of January.

TSIC, a San Francisco-based specialty retailer formerly known as Sharper Image Corp., filed for bankruptcy on Feb. 19, 2008. Its Chapter 11 case number is 08-10322.


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